We'll have fish in the tanks soon
Thor Salmon's second brood of eggs is about to hatch, while construction of the new land-based smolt facility is nearing completion.
There is a lot of activity at Thor Salmon's land-based fish farming facility in Thorlakshofn, southwest Iceland.
The second batch of eggs has recently arrived and is about to hatch, the company writes in a news release.
This comes shortly after the company deployed its very first eggs earlier in May, supplied by Benchmark Genetics.
Feeding hall
The facility will produce 3.5 million smolts annually, and is the first construction phase in a larger investment in land-based salmon farming in Iceland.
The initial feeding hall and associated water system are now largely complete, and the first fish will be placed in the tanks in a few weeks. At the same time, good progress is reported in the work on the larger production hall.
The smolt tanks are supplied by the Icelandic manufacturer Trefjar, and the entire smolt facility is scheduled to be operational during 2025.
First harvest in 2027
Preparations for the next phase are already underway. Groundworks for a new grow-out facility have begun, and everything is going according to plan.
Thor Salmon recently raised €28 million (£24.3m) in private capital to realise this part of the project, which will have a production capacity of 4,750 tonnes of salmon.
The first harvest is planned for the autumn of 2027 and the long-term goal is an annual production of 20,000 tonnes.